#upi transaction limit per month

[lallulalnews]

RBI UPI New Limit Update: जानिए अब UPI से एक साथ कितना कर पाएंगे पेमेंट, जारी हुए नए नियम

RBI UPI New Limit: हमारा देश भारत वह एकमात्र देश है जिसमें किसी भी व्यक्ति को सर्वश्रेष्ठ और तेज भुगतान सुविधा मिलती है, इसका सबसे बड़ा कारण है UPI। आज, UPI सिस्टम की मदद से हम कुछ सैं पेसे किसी को भेज सकते हैं। भारत में लगभग हर वर्ग के लोग UPI का उपयोग करते हैं, लेकिन यदि आप UPI का उपयोग करते हैं तो आप जानेंगे कि UPI सिस्टम की मदद से आप एक दिन में केवल 1 लाख रुपये तक का लेन-देन कर सकते हैं।…

[shrutim12]

Is the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card Your Next Best Choice?

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card has been officially unveiled by Poonawalla Fincorp. This co-branded card is aimed at delivering personalized financial solutions tailored to meet the diverse needs of their clientele.

Elevating Financial Services

Through a strategic collaboration with IndusInd Bank, Poonawalla Fincorp has launched the eLITE RuPay Platinum Credit Card. This card is designed to enhance the customer experience by offering an extensive array of benefits and rewards, emphasizing Poonawalla Fincorp’s commitment to innovation and customer-focused financial solutions.

Exceptional Features of the eLITE RuPay Platinum Card

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card stands out in the competitive credit card market due to its numerous attractive features. Here is an in-depth look at what it offers:

No Joining or Annual Fees

One of the card's most appealing aspects is the absence of joining and annual fees, making it highly accessible and affordable for customers to enjoy its benefits without extra costs.

Exciting Reward Points on Every Transaction

Cardholders can earn reward points for every ₹100 spent, excluding fuel purchases. This includes everyday transactions, allowing users to quickly accumulate points.

High-Value Reward Points

Accumulated reward points can be converted into cash credit at a rate of ₹0.40 per point, significantly enhancing the value proposition for cardholders.

Enhanced Rewards for E-commerce

Online shoppers can benefit from 2.5 times the reward points on e-commerce transactions, excluding fuel, travel, and low interchange MCC, making online purchases even more rewarding.

Movie Ticket Offers

The card offers a Buy One Get One free movie ticket offer through BookMyShow, up to ₹200, once a month. This is perfect for those who enjoy frequenting the cinema.

Also Read: Who is Abhay Bhutada?

Rewards on UPI Transactions

Recognizing the rising popularity of digital payments, the card offers rewards on UPI transactions. This is particularly beneficial for users who frequently utilize the Scan & Pay feature.

Fuel Surcharge Waiver

Cardholders enjoy a 1% fuel surcharge waiver, adding to their savings and making travel more economical.

Milestone Rewards

Cardholders can earn 3000 reward points by reaching specific spending milestones, encouraging frequent card use to maximize benefits.

Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance

Envisioning the Future

Expressing his excitement about the new card, Poonawalla Fincorp’s spokesperson, stated, “We are thrilled to launch the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card. This initiative reflects our commitment to enabling our customers' dreams. By offering this card, we aim to enhance digital engagement with our existing customers while reaching out to new ones.”

About Poonawalla Fincorp Limited

Poonawalla Fincorp Limited, part of the Cyrus Poonawalla Group, is a non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). With a legacy of nearly three decades, the company is listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The company operates on five key pillars: Passion, Principles, Purpose, People, and Possibilities. With a presence in 19 states and a standalone AUM of ₹25,003 crore as of March 31, 2024, Poonawalla Fincorp employs around 2300 people. Their diverse range of products includes pre-owned car finance, personal loans, loans to professionals, business loans, loans against property, supply chain finance, machinery loans, medical equipment loans, and consumer loans.

Also Read: Journey Of Poonawalla Fincorp’s Managing Director — Abhay Bhutada

Customer Experience Is The Priority

The launch of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card signifies Poonawalla Fincorp’s dedication to improving the customer experience. By incorporating valuable features such as no fees, generous reward points, and exclusive offers, this card sets a new standard in the financial sector.

For customers, this card is more than just a payment tool; it opens the door to a range of benefits and rewards. It is designed to make everyday transactions more rewarding, provide savings on entertainment and fuel, and offer high-value reward points that are easily redeemable. 

Conclusion

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card is a testament to Poonawalla Fincorp’s commitment to providing tailored financial solutions that enhance the lifestyle of its users. With its comprehensive features and benefits, this card is poised to become a favorite among customers seeking value and rewards in their everyday transactions.

[nickyysharmi]

Introducing The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Card

Poonawalla Fincorp has partnered with IndusInd Bank to launch an innovative product in the credit card market: the eLITE RuPay Platinum Credit Card. Designed to cater to a broad range of customer needs, this card aims to provide a seamless and rewarding banking experience. Abhay Bhutada, Managing Director of Poonawalla Fincorp, has shared insights into the numerous advantages this card offers.

Key Features of the eLITE RuPay Platinum Card

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card is packed with features that are tailored to meet the modern consumer's needs. Let’s explore the key features that make this card stand out.

No Joining or Annual Fees

A major highlight of the eLITE RuPay Platinum Credit Card is that it does not have any joining or annual fees. This makes the card accessible to a wider audience, ensuring that cardholders can enjoy its benefits without worrying about extra costs.

Also Read: Unveiling Abhay Bhutada’s Salary Journey And Impact As MD Of Poonawalla Fincorp

Reward Points on Every Transaction

The card offers reward points for every ₹100 spent on transactions, excluding fuel. This includes daily purchases, making it easy for users to accumulate points rapidly. Whether it’s groceries, dining, or shopping, every transaction brings you closer to exciting rewards.

Rewards on UPI Transactions

In alignment with the increasing trend of digital payments, this card provides rewards for UPI transactions. Users who frequently use the Scan & Pay feature will find this particularly beneficial, as it adds value to their everyday spending.

Enhanced Rewards for E-commerce

For those who enjoy online shopping, the eLITE RuPay Platinum Credit Card offers 2.5 times reward points on e-commerce transactions, excluding fuel, travel, and low interchange MCC. This feature enhances the online shopping experience, making it more rewarding.

High-Value Reward Points

Cardholders can convert their accumulated reward points into cash credit at a higher value of ₹0.40 per point. This feature increases the value proposition of the card, ensuring that users get the most out of their spending.

Movie Ticket Offers

Entertainment is another area where the eLITE RuPay Platinum Credit Card shines. Cardholders can avail a Buy One Get One free movie ticket offer through BookMyShow, up to a maximum of ₹200, once a month. This is a great perk for movie enthusiasts who enjoy regular outings.

Fuel Surcharge Waiver

The card offers a 1% fuel surcharge waiver, which can lead to significant savings for those who frequently travel by car. This benefit is a thoughtful addition, catering to the needs of daily commuters and travelers alike.

Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance

Milestone Rewards

The eLITE RuPay Platinum Credit Card encourages users to utilize their card more often by offering 3000 reward points for achieving certain spending milestones. This feature incentivizes cardholders to make the most of their card to reap additional rewards.

Abhay Bhutada’s Vision

Abhay Bhutada, MD of Poonawalla Fincorp, expressed his enthusiasm about the new card, stating, “We are excited to launch the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, which reflects our commitment to enabling the dreams of our customers. By offering this card, we aim to enhance engagement with our existing customers digitally while also extending our reach to new customers.���

About Poonawalla Fincorp Limited

Poonawalla Fincorp Limited, part of the Cyrus Poonawalla Group, is a prominent non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). With a legacy spanning nearly three decades, the company is listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The company’s identity is built on five key pillars: Passion, Principles, Purpose, People, and Possibilities. With a presence across 19 states and a standalone AUM of ₹25,003 crore as of March 31, 2024, Poonawalla Fincorp employs around 2300 people. Their diverse product offerings include pre-owned car finance, personal loans, loans to professionals, business loans, loans against property, supply chain finance, machinery loans, medical equipment loans, and consumer loans.

Also Read: Journey Of Poonawalla Fincorp’s Managing Director – Abhay Bhutada

A Card That Redefines Banking Experience

The launch of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card signifies Poonawalla Fincorp’s and Abhay Bhutada’s commitment to providing enhanced customer experiences. With features like no fees, substantial reward points, and exclusive offers, this card sets a new benchmark in the credit card industry.

For customers, the eLITE RuPay Platinum Credit Card is not just a payment tool but a gateway to numerous benefits and rewards. It is designed to make everyday transactions more rewarding, offer savings on entertainment and fuel, and provide high-value reward points that can be easily redeemed.

Conclusion

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card is a testament to Poonawalla Fincorp’s dedication to offering tailored financial solutions that enhance the lifestyle of its users. With its extensive features and benefits, this card is poised to become a favorite among customers seeking value and rewards in their daily transactions.

[indianchamber]

CBDC in India : Current Stage

Central Bank Digital Currency (CBDC) is a digital form of currency note issued by Central Banks of different countries . It is a form of digital bank money that can be distinguished from reserves or settlement balances held by commercial banks with  RBI. It is a RBI liability, denominated in an existing unit of account, which serves both as a medium of exchange and  a store of value. Like cryptocurrencies, a CBDC exists only in a digital form such as file or a token, but unlike them, it is backed, controlled and maintained by the authority of RBI. Digital currency offers significant advantages, in the areas of financial inclusion and cross border payments, in addition to benefits such as smoother transactions and reduced costs compared to cost of managing physical cash. The RBI started its e-rupee pilot in December 2022 but transactions averaged only 25,000 a day by the end of October 2023, even though its use case was significantly broadened by linking it to the popular United Payments Interface (UPI),  However, from December 2023,  some large private and state-run banks  started increasing the use of CBDC, particularly for employee benefit schemes.  As a result transactions topped 1 million per day. Also, the user base has been steadily growing to about 4 million users currently, up from 3 million, 2 months ago .

Programmability is the most powerful feature of CBDC. This capability can be used to ensure that digital cash is issued as a targeted subsidy (say for fertilisers) and remain fixed for that purpose. The Reserve Bank of India prefers a centrally-controlled, conventional database infrastructures for CBDC  instead of DLT (distributed ledger technology)-based infrastructure due to the latter’s limitations. While both conventional and DLT-based infrastructures store data multiple times and in separate physical locations, the key difference is in how data is updated. In conventional databases, data is stored over multiple physical nodes, controlled by one authoritative central entity, which ensures better control . On the other hand, in DLT-based systems, the ledger is usually managed jointly by multiple entities in a decentralised manner and each update needs to be harmonised amongst the nodes of all entities. This consensus mechanism requires additional overhead owing to which DLTs enable lower volumes of transactions. Given the fact CBDC is yet to scale up and sustain the bigger scale, centralised databases make sense as of date. It may also be possible that some layers of the CBDC technology stack be on the centralised system and remaining be on distributed networks. The choice of technology architecture for CBDC will need to consider the resource intensiveness, energy efficiency, cyber security, technical stability and resilience, business continuity planning, and good  technical governance.

So, where do you think we are now, as far as CBDC is concerned? Do write to us.

[omcqin]

Current affairs of 14th Jan 2023

Practice daily Current affairs and give quiz for assess your knowledge. Today you can study current affairs of 14th Jan 2023 and this is suitable for almost all type of government competitive exams. Quiz of Jan 2023 Current Affairs

Daily Current affairs for 14th Jan 2023

Q1: Ashleigh Gardner has won the ICC Women’s Player of the Month award for December 2022. From which of the following countries does he belong? A. England B. New Zealand C. Australia D. South Africa Answer(c) Australia Q2: The Union Cabinet approved a ______________incentive scheme to promote Rupay debit card and low-value BHIM-UPI transactions (person-to-merchant) in FY23. A. Rs. 1,600-crore B. Rs. 2,600-crore C. Rs. 3,600-crore D. Rs. 4,600-crore Answer(b) Rs. 2,600-crore Q3: Union Minister Shri Sarbananda Sonowal inaugurated the School of Logistics, Waterways and Communication in which city of India? A. Chennai B. Panaji C. Guwahati D. Agartala Answer(d) Agartala Q4: Who received the ICC Men’s Player of the Month award for December? A. Harry Brook B. Sikandar Raza C. Mohammad Rizwan D. Virat Kohli Answer(a) Harry Brook Q5: Who has officially launched the book titled “Braving A Viral Storm: India’s Covid-19 Vaccine Story” in New Delhi? A. Bhupender Yadav B. Mansukh Mandaviya C. Mahendra Nath Pandey D. Parshottam Rupala Answer(b) Mansukh Mandaviya Q6: Former India cricket team captain _______ and drone market Garuda Aerospace have launched a a surveillance drone named ‘Droni.’ A. Rahul Dravid B. VVS Laxman C. Sachin Tendular D. Mahendra Singh Dhoni Answer(d) Mahendra Singh Dhoni Q7: Home Minister Amit Shah has released a book titled “Revolutionaries- The Other Story of How India Won Its Freedom” at a function in New Delhi. Who author the book? A. Saurabh Sharma B. Sanjeev Sanyal C. Prashant Singh D. Aman Gupta Answer(b) Sanjeev Sanyal Q8: Which bank has launched e-Bank Guarantee (e-BG) facility in association with National e-Governance Services Limited (NeSL)? A. SBI B. ICICI Bank C. Canara Bank D. Bank of Baroda Answer(a) SBI Q9: IT giant Cognizant has announced ________ as its new Chief Executive Officer, replacing the outgoing Brian Humphries, effective immediately. A. Sanjeev Kumar B. Sumit Kumar C. Ravi Kumar D. Piyush Kumar Answer(c) Ravi Kumar Q10: India’s retail inflation eased to ________ per cent in December on an annual basis as against 5.88 per cent in November, 2022. A. 5.72 B. 6.72 C. 7.72 D. 8.72 Answer(a) 5.72 Q11: Which state tourism board signs MoUs with chapters of eight countries of Global Organization of People of Indian Origin (GOPIO)? A. Punjab B. Rajasthan C. Gujarat D. Madhya Pradesh Answer(d) Madhya Pradesh Q12: Who takes charge as first woman Chief Secretary of Telangana? A. Vaishali Panday B. Shilky Mittal C. Maitree Sharma D. Santhi Kumari Answer(d) Santhi Kumari Q13: Grand cultural program ‘Sur Sarita-Symphony of Ganga’ organised in _______. A. Delhi B. Varanasi C. Surat D. Mumbai Answer(b) Varanasi Q14: Alibaba sells which company stake worth $125 million via block deal recently? A. Amazon B. Flipkart C. Paytm D. Paypal Answer(c) Paytm Q15: Which of the following country creates new ministry for indigenous peoples? A. Keniya B. South Africa C. South Sudan D. Brazil Answer(d) Brazil Q16: What is the name of the short-range ballistic missile which was recently test-launched by India? A. Prithvi II B. Agni V C. Vikas II D. Bhim I Answer Prithvi II Q17: Which song from an Indian film won Golden Globe award 2023 for Best Original Song? A. Kalakatha B. Srivalli C. Naatu Naatu D. Marenge Toh Wahin Jaakar Answer Naatu Naatu Q18: What is the name of the international agreement signed in 1987 to ban Chlorofluorocarbons (CFCs)? A. Paris Agreement B. Montreal Protocol C. Chicago Agreement D. Kyoto Protocol Answer Montreal Protocol Q19: As per the World Bank’s Global Economic Prospects Report, what is the expected economic growth of India in 2023-24? A. 5.5% B. 6.6% C. 7.0% D. 7.7% Answer 6.6% Q20: ‘Year of Enterprises’ Project is a flagship scheme of which Indian state? A. Haryana B. Odisha C. West Bengal D. Kerala Answer Kerala Q21: In January 2023, which state entered the Guinness Book of World Records by taking 4,500 penalty kicks in 12 hours? A. Kerala B. Gujarat C. Punjab D. Karnataka Answer Kerala Q22: Which of the following has notified comprehensive regulatory standards for Basmati Rice for the first time in January 2023? A. FCI B. BIS C. NABARD D. FSSAI Answer FSSAI Q23: Central Mine Planning and Design Institute Limited (CMPDIL) invented a “System and Method for Controlling Generation and Movement of Fugitive Dust” in January 2023. Where is CMPDIL located? A. Ranchi B. Kolkata C. Jaipur D. Agra Answer Ranchi Q24: Sharad Yadav passed away at the age of 75 on 12 January 2023. He was related to which of the following fields? A. Acting B. Politics C. Law D. Cricket Answer Politics Q25: Constantinr passed away in January 2023. He was the former King of which country? A. France B. Greece C. Austria D. Cyprus Answer Greece

Also practice other's day current affairs of Jan 23

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[jyotifestpost]

Nepal to become first country to deploy India's UPI platform

The international arm of the National Payments Corporation of India (NPCI) on Thursday announced to deploy Unified Payments Interface (UPI) in Nepal to bolster interoperable real-time person-to-person (P2P), person to merchant (P2M) and potential cross-border P2P remittances between Nepal and India. Nepal is the first country outside India to adopt UPI as the payments platform, driving the digitalisation of cash transactions.

The NPCI International Payments Limited (NIPL), the global arm of the NPCI joined hands with the Gateway Payments Service Pvt Ltd, an authorised Payment System Operators in Nepal, and Manam Infotech Private Limited to deploy UPI in the country.

"The partnership will enable consumers within Nepal to transact swiftly using state-of-the-art UPI platform and deliver a seamless user experience. We are confident that this initiative will stand as a testimony to NIPL's technological capabilities and vision of scaling our unique offerings globally," said Ritesh Shukla, CEO of NIPL.

It will also enable the way forward for real-time cross-border P2P remittances between Nepal and India.

In 2021, UPI enabled 39 billion financial transactions amounting to commerce worth $940 billion, which is equivalent to approximately 31 per cent of India's GDP.

"The same UPI service has created a significant positive impact in India in terms of the country's digital payment transformation. We expect UPI in Nepal would play a pivotal role in transforming the digital economy of the country and dreams of building a less-cash society," said Rajesh Prasad Manandhar, CEO of GPS.

Mobile penetration of over 135 per cent, with 65 per cent of the population using smartphones, provides a bedrock for seamless replication of the digital revolution in India to be replicated in Nepal.

Over the next few months, all three companies will work closely together to deploy UPI in Nepal. along with all the functionalities and features presently available in India.

"We believe this partnership will eliminate all the barriers of payment transformation within Nepal and across the border thereby transforming the regional economy," said Naga Babu Ramineni, Director of Manam.

[dthshoppe]

Dish TV is one of the best two DTH operators in India with more than 21 million users. It offers in excess of 700 channels and extra services. It works through a set-top box and dish radio wire introduced in the client's home. You can get other benefits like dishSMRT Hub, dishNXT HD, dishNXT, dishSMRT pack with Alexa, dishSMRT Stick.

The DTH provider has a few cashback offers accessible for those re-energizing their DTH association. This cashback is accessible across e-wallets like MobiKwik, Paytm, and Amazon Pay. 

Dish TV recharge offers this August 2021

Here are on the whole the presently accessible recharge and cashback offers for Dish TV clients. 

Dish TV MobiKwik recharge offer 

MobiKwik is offering Rs 100 cashback on the primary DishTV recharge of the month. MobiKwik customers need to utilize the promotion code NDISH to get up to Rs 100 cashback with a guaranteed least cashback of Rs 40 on the primary DTH recharge of the month. The promotion code is substantial just for the MobiKwik application and once per customer. The base exchange adds up to guarantee this offer is Rs 300. 

Dish TV Freecharge recharge offer 

Freecharge is likewise offering cashback to its clients on DishTV recharge done on the site or application. The DishTV clients who use Freecharge for recharging their Dish TV set-top box, or are doing dish tv recharge online will get up to Rs 1,000 cashback on each DishTV recharge. The offer is valid for a limited time and requires no promotion code. 

Dish TV Extra Days recharge offer 

The DTH provider is offering additional long periods of administration to clients who pay for 90 days or above in one go. Clients who recharge for 90 days or above in one go will get seven additional days, a half year or above will get 15 additional days, and those paying for a year or above will get one free month of administration. 

Dish TV Amazon Pay recharge offer 

Amazon Pay clients can get up to Rs 125 cashback offer by re-charging for a base worth of Rs 200. Clients should check the QR on the Dish TV DTH recharge screen utilizing the Amazon application, and pay to utilize Amazon Pay. The cashback from this transaction will be credited as an Amazon Pay balance within 3 working days. 

Moreover, clients can choose a dish tv recharge plan and recharge their Dish TV account before September 1st using any Amazon Pay technique to get 100% cashback up to Rs 50. The offer is valid just once per client and on the first recharge during the offer span. On recharge installment done utilizing Amazon Pay UPI before September first, clients will get up to Rs 30 cashback in their Amazon Pay wallet within three working days. 

Dish TV Paytm promotion code and dish tv recharge offers

Paytm customers can also get up to Rs 100 guaranteed cashback when they recharge their Dish TV set-top box for a minimum of Rs 100 out of two months. The cashback will be credited within 24 hours to the client's Paytm wallet. 

Another accessible promo code is "DTHNEW", which offers cashback of up to Rs 30 on the first DTH recharge. This code works across DTH suppliers and isn't limited to simply Dish TV clients. Clients can likewise utilize "POWER TH20" to get cashback up to Rs 20 on recharges utilizing this. This promotion code can be utilized distinctly on the first recharge or bill installment of the month. 

Dish TV items, packs, and channels 

Dish TV is a DTH administrator that works through a set-top box and dish radio wire installed in the client's home. You will get access to various services like dishSMRT Hub, dishNXT HD, dishNXT, dishSMRT pack with Alexa, dishSMRT Stick with DISH TV operator. 

The dishSMRT Hub begins at Rs 2,499 and accompanies customary channels + the choice to stream content from the web, Google Assistant help, adaptable home screen, and the capacity to control other home gadgets. The dishNXT with HD pack begins at Rs 1,590 for multi-month while the standard dishNXT costs Rs 1,490 for one month. 

The DTH provider additionally offers different packs and channels including single channels, DishTV combos, DishTV additional items, telecaster flower bundles, allowed to-air packs, and make your own pack. This load of packs is valued moderately. The individual channels start as low as 0.1 paise while the DishTV combo pack begins at Rs 16 that incorporates 10 channels for a 30-day membership.

Also Read:- What Makes Dish TV Stand Out From Its Competitors?

The additional items are an instant heap of channels to take into account the client's particular necessities. The packs incorporate different channels depending on the client's preferences for eg. The English Entertainment pack incorporates 4 channels at Rs 33 with a lock-in time of 30 days. The allowed to-air packs incorporate local and sort insightful channels liberated from cost. Finally, the make your own pack allows clients to construct their own packs from every one of the packs referenced previously. In addition to choosing your own channels, you can also do your dish tv recharge online and save money right from your home. 

Which is the least expensive DishTV channel pack? 

DishTV has various channel packs for its clients to browse. Notwithstanding, the least expensive channel pack is Classic Hindi, which is priced at Rs 16 every month. Clients get 10 compensation diverts in this pack including Bindass, Cartoon Network, POCO, Colors Cineplex, Max 2, Sony Wah, Star Gold 2, and UTV Action, among others.

[moneycafe]

Paytm Payments Bank Becomes The Largest Beneficiary On The UPI Platform

Paytm Payments Bank Becomes The Largest Beneficiary On The UPI Platform

Business oi-Vipul Das | Updated: Wednesday, April 21, 2021, 19:25 [IST] Paytm Payments Bank Limited (PPBL) has reported that it is the country’s largest beneficiary bank, surpassing all leading banks. As per the latest study from the National Payments Corporation of India (NPCI), PPBL reported 469.84 million transactions as a beneficiary bank in March 2021, a growth of 20.7 percent month on…

[iserveutechnologies]

Top 10 Tips with Quick Money Transfer Many times in our life, we got a call from our loved ones and they are asking for money. The parent usually gets a call from their children asking for money for various purposes. When somebody calls you for instant money due to some medical emergency, what do you do in that situation? Do you rush to the bank? What if it’s late at night? With the advancement in technology, many of our fund-related problems are solved nowadays. But one must be aware of instant money transfer methods because choosing the wrong method can cost you high rates on money transfer, delays, and exposure of your confidential data. Here are the top 10 tips with a quick money transfer that you must know. You can choose the Instant Money Transfer (IMT) service for quick money transfer. It provides a card-less cash withdrawal option as it allows us to send money to anyone through smartphones. The receiver can easily withdraw the money from ATMs enabled with the card-less withdrawal option. Currently, there is a limit in sending the amount that is Rs. 10,000 per transaction in multiples of Rs.100. But, the receiver can withdraw a maximum of Rs. 25,000 a month Before choosing any method of money transfer decide what matters to you the most and which parament is of less importance. Always check the service availability at your chosen destination. Other paraments like charges on transfer are fixed based on the transfer amount, its speed, and the delivery method. RTGS (Real Time Gross Settlement) is a quick and safe money transfer method that allows money to immediately reach the beneficiary’s account once the money is sent by the remitter. Generally, the fund is transferred within 30 minutes of receiving the money transfer message. You can transfer money to whichever place you like but from 8:00 AM to 4:30 PM. The minimum RTGS transfer limit is Rs. 2 lakhs and there is no maximum RTGS transfer limit. No charges are taken up to 2 lakhs of money transfer but after crossing the minimum RTGS transfer limit 30 to Rs.55 is charged. You can pick any net banking transfer There are some popular <strong>net banking transfer methods such as National Electronic Fund Transfer (NEFT), Electronic Clearing System (ECS), Immediate Payment Service (IMPS), and UPI methods to do a quick money transfer. Before transferring your money to someone’s account make sure that you check the transfer rates properly. Many cash transfer service providers have a fixed exchange rate. Go for (Immediate Payment Service)IMPS online transfer</strong>. It is available round the clock. For any type of emergency, you can rely on this method of money transfer. Also, the transaction charges are very reasonable and the transfer limit is Rs. 2 lakhs per day. You can avail of these services through your mobile as well. Don’t procrastinate while you have the task of transferring money to someone’s account. Many times when you are in hurry, service providers charge more when they see the urgency. Through UPI you can transfer money to anyone, anytime, and anywhere. There are three ways to transfer money through UPI. You can enter the virtual payment address of the receiver, through account number, and IFSC code, or QR code. Check the credibility of the source you have chosen for the money transfer. When you choose a higher ranking company like iServeU, you get more security against any kind of theft or loss. Check for its authenticity whether they have established office and other social media accounts. Make sure the refund policy of the company is chosen for money transfer. Look out for a refund option and be clear about it. If you are looking for a reliable company for your money transfer, come to the iServeU online portal. iServeU is one of the top business correspondents in India. It is offering a Domestic money transfer platform for easy and convenient instant money transfer. Limit your visit to your banks and switch to iServeU for all your financial needs. For more info, visit us at iserveu.in or call us on +918338088000 to know about our product in detail.

[purplehaze1924]

Phonepe App Offer: Get cash back 50Rs by sending just 1 Rupee

PhonePe App by Flipkart Group is a Unified Payments Interface Platform (UPI), Developed by NPCI and powered by yes bank. Now pay in Revolutionary way in India by PhonePe App. By this PhonePe App you can link your bank account Over UPI. You can instantly transfer Money Bank to bank via Mobile Number or Virtual Payment address (VPA). PhonePe App is also providing Digital wallet, Using PhonePe App wallet you can get cash back or refunds from Popular Merchants.

Flipkart has introduced new payment option ‘Phonepe’ in addition to FK wallet just before a month. Looks like Flipkart is planning to break the dominance of Paytm & Freecharge in Indian market.

PhonePe App is a Indian payment App which is going to create huge impact in online transactions. By this PhonePe app you can do transactions on your favorite shopping sites including Flipkart, Jabong, Myntra and many more. Same as Paytm, you can also do mobile recharge, DTH recharge easily with a tap of button. The best thing about this is you can do transaction up to 1 lac through PhonePe App. This transaction limit varies this App from other rival sites where they allow very small amount.

Send 1 Rupee & get 50 Rs cash back by PhonePe App:

Using PhonePe App you get 50 Rs cashback by sending 1 Rupee. This Offer is valid on first app transaction. Submit your details in PhonePe App and link your bank account and send one rupee to anybody who using PhonePe wallet. After sending money to other PhonePe wallet user, you will get 50Rs back in account. This offer is valid till 24th December 2016.

Recommended : How to Link Aadhaar card to SBI Account

Valid Points to follow to get cash back 50Rs by sending Just 1 Rupee through PhonePe App:

Download PhonePe App from play store (Android/iOS)

Enter your bank registered mobile number & verify it

Now enter you bank details and create UPI on your bank

The offer is applicable only on the 1st successful transaction from your linked bank account

Valid only for first time users on PhonePe

Offer is valid only once per Android user.

Offer is valid only when you send money to other PhonePe users on their mobile number.

Please note that offer is not valid for direct money transfer to other bank accounts using the beneficiary’s bank account and IFSC code, or external VPAs.

This offer will expire on 24th December, 2016.

Cash back will be credited in PhonePe wallet within 1 working day.

[gauravdwivedy]

NPCI allows WhatsApp to offer payment services; caps individual player's UPI market share at 30% - Times of India

MUMBAI: The National Payments Corporation of India (NPCI) on Thursday allowed Facebook-owned messaging platform WhatsApp to start its payments service in the country in a "graded" manner. The announcement by NPCI came minutes after it limited a single third party like WhatsApp or its rivals like Google Pay or Walmart's PhonePe to handle only 30 per cent of overall UPI transaction volumes by putting a cap. NPCI runs the Unified Payments Interface (UPI) used for real-time payments between peers or at merchants' end while making purchases. Having a cap on the transaction volume will help in de-risking the entire set-up and is essential as UPI, which surpassed two billion transactions a month mark in October, grows further, NPCI said in a statement. The industry has been feeling that allowing WhatsApp into payments may drive up volumes in the Indian digital payments space. In China, Wechat alone has over 1 billion active users for its payment services. WhatsApp has 400 million users in India while other Third Party App Providers (TPAPs) -- Google Pay had 75 million and PhonePe had 60 million -- as of May. WhatsApp has been running a pilot service for the last two years but was not given a formal go-ahead because of data localisation requirements. "NPCI has given approval for Whatsapp to 'Go Live' on UPI in the multi-bank model. Read the full article

[iserveutechnologies]

AEPS: Benefits of Aadhaar Enabled Payment System AEPS is an abbreviation written over many retail shops nowadays. The retail shops are converting into a mini-ATM from where you can make financial transactions easily. The full form of AEPS is Aadhaar Enabled Payment System that permits money transactions based on the Unique Identification Number printed on your Aadhaar card. The main motto of this initiative is to promote a cashless society and online payments. In this way, the government wants to include all the sections of society to make online transactions through their Aadhaar card. Earlier, the cash deposit was one of the functions of this payment system. Now, you can avail of three services i.e. Cash withdrawal, mini statement, and balance inquiry. It is designed for people staying in rural areas where they couldn’t go to nearby ATM or they don’t know how to use ATMs. Many retail shops are using AEPS and converting their shops to mini-ATMs. These retailers are available round the clock so, you can make transactions whenever you wish. It saves you time and hassle. You don’t have to share your bank details or other confidential information with the retailers. The only document you need is the Aadhaar card. Within a certain AEPS transaction limit, you can withdraw the cash per month. How to use AEPS? AEPS work for those who linked their bank account with Aadhaar. Using AEPS is extremely easy, all you need to do is follow five easy steps.

Step 1: Visit any nearby mATM or banking correspondent. Step 2: Provide your Aadhaar number and bank name. Step 3: Choose from the options i.e. cash withdrawal, mini statement, balance inquiry Step 4: Provide Verification (Fingerprint or iris scan) Step 5: Collect your receipt & your transaction is successful. What are the benefits of AEPS? AEPS offers many benefits to rural as well as urban people. It is very easy and convenient to use. You don’t have to worry about safety and security. The payment system is launched for the underprivileged section of society. You can avail of three major services through AEPS. It is a fast and safe way to make financial transactions, round the clock. Whether you are an aged person or completely unaware of the operation of ATM, you can still make transactions with AEPS. The retailers and AEPS agents who are providing AEPS services are getting a commission on every successful transaction. Banks are full of busy people & when you go to the bank for any inquiry, you have to wait for a long time. Through the AEPS system, you save your time and hassle, also you don’t need to carry your debit card. This system also facilitates the disbursement of government facilities like NREGA, handicapped old age pension, or social security pension. The banking correspondent (BC) can reach rural areas and provide services that are beneficial for both parties. What is the transaction limit of AEPS? AEPS allows a total number of 10 transactions that include all failed transactions as well. The maximum transaction limit of AEPS is Rs. 50,000 & it differs from banks to banks. What is the AEPS transaction limit per month?  The AEPS transaction limit per month is Rs. 10,000 & it also differs from bank to bank. You can check out the list of different banks with their transaction limit. RBI has set the AEPS transaction limit to stop any misuse of this method of payment. What are the different types of money transfer? Like AEPS, there are many different types of money transfer systems. As the <strong>transaction limit of AEPS is less, you opt for other types of money transfer NEFT (National Electronic Fund Transfer) NEFT is also a fast and easy money transfer method. Here you don’t have to think about the transaction limit. The transactions are done in batches of 30 minutes and operated within the working day and between 08:00 AM to 07:00 PM.  RTGS (Real Time Gross Settlement) This is an instant money transfer method where settlement occurs immediately. This method allows for a large amount of money transfer.

IMPS (Immediate Payment Service) Immediate payment services as the name suggest providing instant round-the-clock digital fund transfer services that you can use on your smartphones.

UPI (Unified Payments Interface): UPI is a popular online payment method that is used to make transactions easily and conveniently. Through the UPI method, you can send, receive, and purchase anything easily. Cheque  The cheque is a legal document that instructs one bank account holder to pay a certain amount to another bank holder. It is also a good way to transfer money to anyone. Are you still confused about the AEPS payment system? Come to iserveu.in/. iServeU has 25,000 agents, providing AEPS services in rural areas. Its main motto is to provide a quick fund transfer facility via money transfer services business. iServeU is providing AEPS with two banks and users can start AEPS services with self-authentication. For more info, call on +91 8338088000 or mail your query to info@iserveu.in.

[magzoso-tech]

New Post has been published on https://magzoso.com/tech/xiaomi-launches-app-to-offer-credit-to-millennials-in-india/

Xiaomi launches app to offer credit to millennials in India

Xiaomi, the top smartphone vendor in India, today joined a growing wave of fintech startups in the nation that are offering credit to aspirational young professionals and millennials.

The Chinese electronics giant said today it is launching Mi Credit, its curated marketplace for digital lending, that offers users credit between Rs 5,000 ($70) and Rs 100,000 ($1,400).

Xiaomi said it has partnered with a number of startups such as Bangalore-based ZestMoney, CreditVidya, Money View, Aditya Birla Finance Limited, and EarlySalary to determine who should get a credit and then finance it.

Users are required to let Mi Credit app access their texts and call logs to look for transactional information and some other details to assess whether they are credit-worthy. This whole process takes just a few minutes and eligible users can walk out with some credit, said Manu Jain, Vice President of Xiaomi, at a conference in New Delhi.

He added that having multiple partners for the crediting platform ensures that the likeliness of a user securing a loan is high. Once a user has secured a credit from the app, they can avail more credit in the future with a single click, the company said.

For startups that have partnered with Xiaomi, the big draw is access to a large user base, an executive with one of the partner startups told TechCrunch.

Xiaomi, which has been the top smartphone vendor in India for nine consecutive quarters, has an install base in tens of millions in the country. The company has shipped more than 100 million smartphones in the country, it recently revealed.

Xiaomi said the Mi Credit app will be preinstalled on all Xiaomi smartphones running Android-based MIUI operating system. The app is also available for non-Xiaomi Android smartphone users from the Google Play Store. (It’s not available for iPhone users.)

A wave of fintech firms have emerged in recent years in India to help millions of users secure credit and other financial services for the first time in their lives. The penetration of credit card remains very low in the country (roughly three in 100 people in India have a credit card.) This has meant that very few people in the nation have a traditional credit score.

This void has created an immense opportunity for startups to explore a range of other data points to determine who should get a loan. In emerging markets such as India, where the laws are lax, nobody appears to be alarmed with the idea of a company gleaning a lot of personal details.

As of today, Mi Credit is available to users in 1,500 zip codes, or 10 states in India. The company said it plans to extend the credit service to all of India by March next year.

Partner startups involved declined to comment on the financial arrangement they have with Xiaomi. The aforementioned unnamed executive said the agreement would vary with partners and the kind of product they are bringing to the table.

Xiaomi said it has deeply integrated its partners’ offerings into the app. As a result, users are able to see details such as disbursement of loans, lower interest, and credit score in real time.

The company began testing the app with some users in India last month. During the trial, it disbursed loans of over 280 million Indian rupees ($3.9 million).

For Xiaomi, the new offering would help it make its services ecosystem more engaging to consumers. The company, which recently posted one of its slowest growing quarterly reports, has been attempting to cut its reliance on hardware products and make more money off its internet services and through ads.

In March this year, Xiaomi launched Mi Pay, a UPI-powered payments app, in India. The company said the app has already amassed over 20 million registered users in the country.

Hong Feng, co-founder and senior vice president of Xiaomi, said the company understands the consumption behaviour of its 300 million users. “It is one of the strengths we aim to leverage to build a stronger Mi Finance business globally. We see a huge opportunity for consumer lending in India with estimations reaching up to $1 trillion dollars in digital lending by 2023, as per a report from BCG. This makes us believe that our Mi Finance business, based on solutions such as Mi Pay and Mi Credit can truly revolutionise the Indian FinTech industry.”